Good morning and welcome to this week's Flight Path. We saw some resolution of the uncertainty in the markets this past week. Equities came out of a string of amber "Go Fish" bars to paint an aqua "Go" bar on Friday. The $SPY is... READ MORE
In the previous technical note, we had expressed concerns over the Nifty and VIX rising in the same direction simultaneously. As mentioned earlier, in such circumstances, the VIX often ends up acting as a leading indicator and a precursor to an impending corrective move. The previous week had seen VIX... READ MORE
KEY TAKEAWAYS * Trend Continuation * Breakouts * Bullish Flags * Momentum Confirmation Top 5 Stocks in "Go" Trends Trend Continuation on Rising Momentum GoNoGo Charts® highlight low-risk opportunities for trend participation with intuitive icons directly in the price action. The resurgence of momentum in the direction of the underlying price trend... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the bullish bias in the broader markets, along with the sector rotation into cyclical areas as growth areas languish. She then highlights the perils of buying, or holding, stocks around earnings releases, and shares a high-yielding stock... READ MORE
There's no denying the strength the major averages have displayed off their April lows. The S&P 500 finished the week within a rounding error of the previous all-time high around 5250. What would it take for the SPX and NDX to power to new all-time highs... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave uncovers strength in SQSP using the Stochastics Oscillator and the StochRSI indicator. He shares his favorite chart for analyzing relative strength ratios for leading stocks, and also answers viewer questions on price patterns for XLB and PYPL, plus best... READ MORE
KEY TAKEAWAYS * Chartists can measure performance by comparing highs and lows * Defense groups are leading SPY because they hit new highs already. * XLU is looking frothy because it is over 13% above its 200-day SMA. After sharp declines into mid April, stocks rebounded over the last three weeks and the... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave breaks down an unusual day for stocks. The S&P 500 and Nasdaq closed higher, but the top sectors were defensive - real estate and utilities! He shares key levels to watch for NVDA, AAPL, TSLA, and more,... READ MORE
KEY TAKEAWAYS * XLF on strong RRG-Heading, rotating back into leading quadrant * XLF price approaching overhead resistance after short setback * Three major financial stocks ready for upward breaks to lead the sector higher The Relative Rotation Graph for US sectors shows long tails for XLE and XLU. Both are on a... READ MORE
Note to the reader: This is the twentieth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of... READ MORE
Sample Report A few days ago, I provided a sample of our Weekly Market Report (WMR), which is sent to our EarningsBeats.com members on Mondays. Below is a sample of our Daily Market Report (DMR), sent out to members on Tuesdays through Thursdays. A very brief market update is... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps a choppy day for equities, with utilities remaining atop the leaderboard for a second straight session. He lays out a potential reversal in interest rates, what that could mean for growth stocks, and recaps earnings plays including WYNN,... READ MORE
The Dow Jones Industrial Average ETF (DIA) 20-day EMA crossed up through the 50-day EMA (a Silver Cross), generating an IT Trend Model BUY Signal. The Dow saw a better rally today than the SPY, but, under the hood, it isn't quite as strong as the SPY. We... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe explains how he uses a rising volatility condition to signal increased risk. He then discusses what needs to take place to offer a nice trading opportunity, and shows how to adjust your approach when volatility is increasing.... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave focuses in on price pattern analysis for the S&P 500, then reflects on the emergence of defensive sectors like consumer staples. He also recaps earnings movers, including DIS, SHOP, and more. This video originally premiered on May... READ MORE
The magnitude and duration of corrections are largely determined by the direction of the prevailing primary trend. If it's bearish, they tend to be more severe and last longer. In a bull market, it's just the opposite, as they are generally short and sweet, if you... READ MORE
KEY TAKEAWAYS * Novo Nordisk's stock price fell after its Q1 earnings report, but pivoted and reversed * NVO stock could break above its all-time highs * A couple of technical indicators can help confirm your buy decision Novo Nordisk (NVO) reported Q1 earnings on May 2. Even though it was... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps another strong day for stocks as the S&P 500 regains its 50-day moving average. He then identifies key levels to watch for PLTR, LCID, NFLX, NVDA, and AAPL, and breaks down the latest market breadth indicator... READ MORE
EB Weekly Market Recap Video If you haven't seen our latest weekend recording, it's now available HERE at YouTube.com. Sample - EB Weekly Market Report This is a sample of our Weekly Market Report that is sent to EB members every Monday. We also provide... READ MORE
Today Erin uncovers two industry groups that are showing strength and potential in the short term. She takes a look "Under the Hood" to reveal participation and trends that are quite bullish. Carl walks us through the market overall, covering not only the SPY, but also interest rates,... READ MORE
Good morning and welcome to this week's Flight Path. The equity "NoGo" trend struggled this week as prices climbed from lows. We see an amber "Go Fish" bar as the market tries to understand the trend. GoNoGo Trend paints pink "NoGo" bars... READ MORE
We've all heard that popular Wall Street adage, "Go away in May", right? It's cute and it rhymes, so why wouldn't we make the HUGE decision to liquidate all of our stock holdings? <sarcasm> Did I mention it rhymes? One... READ MORE
The markets traded in a much wider range in the past trading week. Over the past few days, we had seen the markets and the VIX inching higher, i.e. moving in the same direction. In the previous technical note, we had expressly mentioned this concern, as instances of VIX... READ MORE
In this episode of StockCharts TV'sThe MEM Edge, Mary Ellen reviews the key drivers for this week's volatile period, including Core PCE and GDP numbers. She takes a look at where the S&P 500 and NASDAQ closed for the week and whether it'... READ MORE
KEY TAKEAWAYS * A key short-term breadth indicator became oversold in mid April. * Stocks are bouncing after this oversold reading. * Breadth, however, has yet to show a serious expansion in participation. Stocks fell sharply into late April and then rebounded over the last two weeks. SPY fell 5.34% from March... READ MORE
KEY TAKEAWAYS * The broader stock market indexes closed higher, but failed to show enough follow through to the upside * Technology stocks were in the lead today and led the stock market higher * The CBOE Volatility Index is back below 15, indicating lack of fear among investors The weaker-than-expected jobs report... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave opens The Final Bar mailbag to answer viewer questions on the Nasdaq Bullish Percent Index, the value of long-term technical analysis techniques, how sentiment indicators relate to the market trend, and how the CMT program helped him improve his... READ MORE
As investors flock to Omaha, Nebraska in their annual pilgrimage to learn from the great Warren Buffett, it seems an opportune time to reflect on the technical evidence for Berkshire's biggest holding, Apple (AAPL). Today, we'll consider AAPL using "multiple time frame analysis", in... READ MORE
KEY TAKEAWAYS * Comparing equal-weighted and cap-weighted sectors on a Relative Rotation Graph can offer interesting insights * When the trajectory of the tails and their position on the chart differ significantly, further investigation is warranted * At the moment, two sectors are showing such divergences All on the Same Track... or? The... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Adrian Zduńczyk, CMT of The ₿irb Nest. David recaps a busy earnings week, breaking down the charts of PTON, AAPL, and more. Adrian tracks the recent pullback for Bitcoin and why the long-term uptrend still remains the prevailing... READ MORE
Note to the reader: This is the nineteenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of... READ MORE
KEY TAKEAWAYS * AMD stock plunged 7% after slightly topping Wall Street estimates * There are three crucial turnaround levels to closely close monitor * Momentum is key when deciding whether to go long, wait, or call off the trade Advanced Micro Devices (AMD) slightly topped Wall Street's earnings and guidance... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes guest Adam Turnquist, CMT of LPL Financial. Dave debriefs on today's Fed meeting market reaction, reviewing concerning technical developments for NVDA, AMD, SMCI, NCLH, and MAR. Adam relates short-term weakness in growth stocks to long-term strength... READ MORE
I last wrote about the dollar in December, where I came to the conclusion that a limited rally was a likely possibility in what was assumed to be a primary bull market. I am still of the view that the bull market is alive and well, but it's... READ MORE
On this week's edition of Stock Talk with Joe Rabil, Joe breaks down the differences between buyers and sellers, and shows how the ADX/DI can be used in three different ways: The action phase, low ADX period and an expansion phase. Understanding this indicator will give you... READ MORE
All You Need to Know About Crude Oil and the Future Gold, black gold, is what Crude Oil has become. The entire world runs on energy. 98% of our cars and transportation, our lights, the device you are using to read this... virtually everything we can do is thanks to... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) dipped lower after hitting resistance of its 50-day moving average * There are three key turnaround levels to watch closely to determine if the pullback is over * Breadth indicators can identify when the buyers are back What's a trader... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave welcomes Gina Martin Adams, CMT CFA of Bloomberg Intelligence. David highlights a spike higher in the VIX, and charts names for earnings including AMZN, AMD, SMCI, SBUX, MCD, PYPL, and ETN. Gina shows how rising interest rates continue to... READ MORE
In this edition of StockCharts TV'sThe Final Bar, Dave recaps the S&P 500's late inning rally to test the 50-day moving average from below. What levels could come into play with this week's Fed meeting on Wednesday? He also focuses on key... READ MORE
Today Carl puts the spotlight on the Magnificent 7 with a look at not only the daily charts, but also a review of the intermediate term using weekly charts. See where they are headed short-term and what are our expectations are in the intermediate term. Carl also gave us his... READ MORE